Quadrant Capital Group LLC Acquires 121 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Quadrant Capital Group LLC grew its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 12.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,129 shares of the construction company’s stock after purchasing an additional 121 shares during the quarter. Quadrant Capital Group LLC’s holdings in Martin Marietta Materials were worth $563,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inceptionr LLC bought a new stake in Martin Marietta Materials in the 4th quarter worth about $393,000. Vanguard Personalized Indexing Management LLC boosted its position in Martin Marietta Materials by 6.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,047 shares of the construction company’s stock worth $2,019,000 after purchasing an additional 256 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Martin Marietta Materials by 164.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,456 shares of the construction company’s stock valued at $14,197,000 after purchasing an additional 17,694 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Martin Marietta Materials by 7.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,499 shares of the construction company’s stock valued at $29,161,000 after purchasing an additional 4,383 shares during the last quarter. Finally, Quotient Wealth Partners LLC bought a new stake in shares of Martin Marietta Materials during the 4th quarter worth $254,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MLM shares. Stifel Nicolaus lifted their price target on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Raymond James increased their price target on Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Stephens boosted their price objective on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Truist Financial increased their target price on shares of Martin Marietta Materials from $610.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Wolfe Research lowered shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $610.27.

View Our Latest Research Report on Martin Marietta Materials

Insider Buying and Selling at Martin Marietta Materials

In other news, CEO C Howard Nye sold 15,000 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the sale, the chief executive officer now owns 134,640 shares of the company’s stock, valued at approximately $81,357,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Martin Marietta Materials news, CEO C Howard Nye sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $604.26, for a total transaction of $9,063,900.00. Following the completion of the transaction, the chief executive officer now owns 134,640 shares of the company’s stock, valued at $81,357,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $603.29, for a total transaction of $6,032,900.00. Following the completion of the transaction, the executive vice president now owns 59,970 shares of the company’s stock, valued at $36,179,301.30. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Martin Marietta Materials Trading Down 0.2 %

NYSE:MLM opened at $580.48 on Friday. The firm has a market capitalization of $35.78 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.75 and a beta of 0.95. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $601.40 and a 200 day moving average of $533.46. Martin Marietta Materials, Inc. has a 52 week low of $389.90 and a 52 week high of $626.67.

Martin Marietta Materials (NYSE:MLMGet Free Report) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.05. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $2.16 earnings per share. Martin Marietta Materials’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, research analysts predict that Martin Marietta Materials, Inc. will post 21.75 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, June 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 8.77%.

Martin Marietta Materials Profile

(Free Report)

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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